Treasury Sanctions Financial Facilitators and Illicit Drug Traffickers Supporting the Syrian Regime
Sanctions imposed on individuals and entities supporting the Assad regime in Syria through illicit financial transactions and drug trafficking.
- Bilawal Riaz
- 1 min read
The Department of the Treasury’s Office of Foreign Assets Control sanctioned 11 individuals and entities for supporting the regime of Syrian President Bashar Al-Assad by engaging in illicit financial transactions, drug trafficking, and export of Syrian commodities. Syria, being a major Captagon producer, uses revenue from this illegal trade to fund the Assad regime and armed forces. The sanctions target individuals and businesses involved in these activities to hold them accountable. The OFAC’s actions are in line with Executive Order 13582 and the Caesar Syrian Civilian Protection Act. Entities like Neptunus, Maya Exchange Company, and STG Logistic are among those designated, with their assets in the US being blocked.